Business news from Ukraine

Business news from Ukraine

Oblenergo cleared over 21,000 km of power lines

Distribution system operators (DSOs, Oblenergo) cleared over 21,000 km of overhead power lines (OPL) of all voltage classes in the first half of the year, including 9,500 km in April-June, according to the State Energy Inspection of Ukraine (Derzhzhergonadzor) on Tuesday.

According to the inspection, in addition to the planned volumes, almost 3,000 km were also cleared as a result of unscheduled inspections of power lines and after the activation of protective automation, another 544 km were cleared to eliminate emergency situations caused by adverse weather conditions, and more than 238 km were cleared at the request of Derzhenergonadzor following the consideration of consumer complaints.

“Clearing power lines is an important and necessary preventive measure that contributes to the reliable operation of power grids and minimizes the risk of technological disruptions,” the agency said.

The inspection explained that maintaining the proper technical condition of power lines reduces the time and resources required for their maintenance and repair, as well as ensuring faster restoration of power supply in case of emergencies.

Representatives of the territorial bodies of the State Energy Supervision Service monitored the completeness and quality of scheduled work on clearing 0.4-110 (150) kV power line routes and bringing them into compliance with the requirements of the rules and regulations in the electric power industry, carried out by 27 OSRs in the first half of 2025.

Work on clearing the OSR is carried out annually in accordance with a schedule agreed with the State Energy Inspection and approved by the Ministry of Energy of Ukraine.

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Forte Life’s net profit for first half of year increased 2.7 times

Insurance company Forte Life (Kyiv) collected UAH 24.165 million in net premiums in January-June 2025, which is 9.96% more than in the same period of 2024.

According to the company’s report in the NSSMC’s information disclosure system, in the first half of the year, the company paid out UAH 8.516 million, which is 24.8% more than in the same period a year earlier.

Administrative expenses amounted to UAH 1.427 million (+3.7%), other expenses amounted to UAH 1.515 million (3.6 times more).

The financial result before taxation amounted to UAH 8.970 million (2.5 times more), and net profit increased 2.7 times to UAH 7.140 million.

Forte Life Insurance Company (formerly Insurance Union of Life) was registered in 2005 and specializes in providing life insurance services.

According to the National Securities and Stock Market Commission, Oksana Kuleshina owns 99.8% of the insurer’s shares.

 

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Mexico and Ukraine signed memorandum on scientific cooperation in Antarctica

The National Antarctic Scientific Center (NASC) and the Mexican Antarctic Research Agency (AMEA) signed a memorandum on scientific cooperation in Antarctica in Mexico City on Monday, August 11. signed a memorandum on scientific cooperation in Antarctica in Mexico City, which provides for joint Ukrainian-Mexican research aboard the icebreaker Noosfera and at the Akademik Vernadsky station, according to the NANC.

NASU President Yevhen Dykyi noted that it is strategically important to study the Antarctic ecosystem in the context of climate change and to involve more countries in this effort.

“Antarctica is a unique global laboratory where scientists from any country can work together across national borders on global science and study processes that affect not only Antarctica but the entire planet… It is a great honor and pleasure for us to become a bridge to Antarctica for those countries that are just beginning their journey there, and we look forward to welcoming our Mexican colleagues to the Vernadsky station and aboard the Noosfera,” he said.

AMEA President Patricia Valdespino emphasized that cooperation with Ukraine is a “happy opportunity” for Mexico.

“It is a happy occasion that the National Autonomous University of Mexico (UNAM), in particular the Institute of Marine Sciences and Limnology (ICMyL), the National School of Earth Sciences, and tomorrow the Faculty of Natural Sciences, are involved in the launch of this project, its successful implementation, and the exchange of information with Mexicans. We are committed to actively participating in decisions that improve our relationship with the planet through science, technology, and sustainable development,” she said.

It is noted that, in addition to scientific interest, “Antarctic diplomacy” is of great importance for Ukraine, as it is becoming an increasingly important instrument of “soft power” and strengthening our country’s position in the Global South, in particular through the expansion of bilateral cooperation with Latin American countries.

 

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State Customs Service of Ukraine has announced tender for compulsory motor third-party liability insurance

The State Customs Service of Ukraine has announced a tender for the purchase of compulsory motor third-party liability insurance services.

According to a notice in the Prozorro electronic public procurement system, the expected cost of the services is UAH 90,589 thousand. Documents will be accepted until August 19.

 

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Energoatom has paid UAH 94.3 bln for PSO since beginning of 2025

Since the beginning of 2025, JSC “NAEK ”Energoatom” has continued to fully perform its special obligations to ensure the availability of electricity for household consumers (PSO), aimed at reducing its cost for the population.

“Since the beginning of the year, Energoatom has already paid UAH 94.3 billion (including VAT) for PSO services. In particular, 100% of the cost of services for January-July 2025 and 60% of the estimated cost for August were covered,” the company said on Tuesday.

According to Energoatom’s financial plan, the estimated cost of PSO services in 2025 is UAH 163.9 billion (including VAT).

“Energoatom is conscientiously fulfilling its obligations to the state by paying for PSO services on time and in full. In addition, we are not stopping and are entering the final stage of the repair campaign, which will enable us to operate at full capacity with all nine power units in the autumn-winter period,” said Energoatom CEO Petro Kotin.

The company recalled that in 2024, NAEK paid UAH 153.2 billion (including VAT) for PSO services.

As reported, in 2024, Energoatom allocated 58% of its net income to PSO payments, with the company’s net profit for the past year amounting to UAH 1.3 billion.

Energoatom currently operates nine power units at the South Ukraine, Rivne, and Khmelnytskyi nuclear power plants with a total capacity of 7,880 MW, located in territory controlled by Ukraine.

The Zaporizhzhia NPP, with six VVER-1000 power units with a total capacity of 6,000 MW, has not been producing electricity since September 11, 2022, following its occupation on March 3-4, 2022.

 

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Britain and Canada back Trump’s efforts, stressing that peace must be achieved with Ukraine, not imposed on it

British Prime Minister Keir Starmer spoke by phone with Canadian Prime Minister Mark Carney on Monday, during which both sides reaffirmed their unwavering support for Ukraine and the need to end Russian aggression.

“The Prime Minister spoke to the Prime Minister of Canada Mark Carney this afternoon. They discussed their unwavering support for Ukraine and ongoing work to stop the killing and end Russia’s war of aggression. Both leaders underscored that Ukraine’s future must be one of freedom, sovereignty, and self-determination,” says a message published on the official website of the UK government.

They also praised international efforts led by US President Donald Trump to bring peace: “They welcomed continued international efforts, led by President Trump, to bring peace and agreed that this must be built with Ukraine – not imposed upon it.”

Both leaders agreed they would continue to work closely with President Trump and President Zelenskyy over the coming days.

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